Summer 2020 Commentary

Market Recap For the quarter, U.S. stocks rose sharply, with the S&P 500 gaining 20.5%. International stocks also advanced, with the MSCI EAFE climbing 14.9%. Bonds also increased, with the Bloomberg Barclays Aggregate Bond Index rising 2.9%. Outlook We began the second quarter in the midst of an economic catastrophe … Read more »

After A Long Bull Market, Where Will Stocks Go From Here?

From the lowest point in the 2008-09 financial crisis, the S&P 500 has recovered more than 200% of its value.  Although there have been bumps along the way, the more than nine year rise in the stock market has mostly occurred without interruption.  This leaves many to wonder “where will … Read more »

Stocks Reach All Time Highs! Is It Time To Worry?

As of yesterday, three major U.S. stock market indices (Dow Jones, S&P 500, and Nasdaq) closed at all time record highs.  Much of the reaction in the financial press voiced concerns that record market levels suggest that stocks are expensive and that the market is in danger of tumbling. Given … Read more »